Profit for a Firm: The profit for a firm may be determined from the perspective of an accountant or economist. The costs are usually categorized into explicit costs and implicit costs to calculate the economic profit and accounting profit. Answer and Explanation:1 The c...
If a firm's revenues just cover all its opportunity costs, then: a. accounting profit is zero. b. economic profit is zero. c. total revenues equal its explicit costs. d. total revenues equal its implicit costs. Accounting profi...
This is because after restructuring, local fiscal revenues and LGFVs are optimized, and their credit ratings increase. Investors believe that the government will further bail out restructured LGFVs, which increases their confidence in timely bond repayments and, thus, their optimism when investing ...
Answer to: Those costs implied by alternatives given up are a. explicit costs b. historical costs c. outlay costs d. implicit or opportunity...
We examine underwriters’ change in market share within three years of a violation in the 1997–2000 and 2001–2007 periods, as calculated by their market share in the current year minus that in the previous year. Market share is measured on the basis of (1) the number of IPO deals under...
D. explicit cost minus the implicit cost. The costs of a firm that are paid directly in money are called its A. implicit costs. B. explicit costs. C. money opportunity costs. D. alternative costs. If a firm has revenues of $125, ex...
Answer to: Income tax payments are an example of ___. a. implicit costs b. explicit costs c. normal return on investment d. shareholder wealth...